I don't believe 75% of the bars are going to close in NYC. Do you? But I do believe last year ALL the bars lost a ton of money and many have already closed and will only reopen when they are bought from the banks after bankruptcy.
At the same time the bars are closing in NY and US wide Self Storage is setting records for occupancy and profits.
And the purchase price for self storage continues to climb! - Gettiing close to $140/SF
I could go on about low cap rates, few employees, growing demand, low risk but I think everyone understands why self storage provides one of the best returns.
Here is a look back to before and after the ression of 2009. During the good times the 30 day self storage loan delinquencies was next to zero and several time lower than other real estate businesses. And during the tough times its was again very low and multiple times lower than other real estate businesses. GO SELF STORAGE!!!!!!!
Is it time for you to check out the self storage opportunity?
Get more info: storageauthorityfranchise.com/opportunity1/
Marc Goodin is President of Storage Authority Franchising. He owns 3 self storages he designed, built and manages. He has been helping others in the self storage industry for over 25 years. He can be reached at marc@StorageAuthority.com or directly at 860-830-6764 to answerer your franchising, development, marketing, sales and operations questions. His best selling self storage books are available at Amazon.
Give me a call I would love to talk! 860-830-6764